REI Lense

REI Lense

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$1,989 (target)

303 SW 50th St, Ankeny, IA 50023

3 beds • 3 baths • 1498 sqft

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This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $65,352 initial cash invested.

-12.45%

Cash On Cash

4%

Cap Rate

0.64

DSCR

$1,989

Rent

-$678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $2,667 expenses = $678 out of pocket

Income$1,989Out of Pocket$678Mortgage P&I$1,61781%Property Taxes$42421%Insurance$1106%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,352

Downpayment

20%

$62,240

Closing costs

1%

$3,112

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,989

Total Expenses

$2,667

Mortgage P&I

81%

$1,617

Property Taxes

21%

$424

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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